Markolines Pavement Technologies (BOM:543364) ROCE % : 20.48% (As of Sep. 2023)

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What is Markolines Pavement Technologies ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Markolines Pavement Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was 20.48%.

Markolines Pavement Technologies ROCE % Historical Data

The historical data trend for Markolines Pavement Technologies's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Markolines Pavement Technologies ROCE % Chart

Markolines Pavement Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

19.65

41.66

26.41

29.80

26.91

Markolines Pavement Technologies Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial				21.94	31.66	25.01	29.72	20.48

Markolines Pavement Technologies ROCE % Calculation

Markolines Pavement Technologies's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	253.162	/	( ( (1355.574 - 497.147)	+	(1879.927 - 856.538) )	/ 2 )
	=	253.162	/	( (858.427	+	1023.389)	/ 2 )
	=	253.162	/	940.908
	=	26.91 %

Markolines Pavement Technologies's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	222.578	/	( ( (1879.927 - 856.538)	+	(2345.409 - 1194.913) )	/ 2 )
	=	222.578	/	( ( 1023.389	+	1150.496 )	/ 2 )
	=	222.578	/	1086.9425
	=	20.48 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Markolines Pavement Technologies (BOM:543364) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Markolines Pavement Technologies (BOM:543364) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Markolines Pavement Technologies Ltd (BOM:543364) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Shree Nand Dham, 6th Floor, Wing-A, Sector-11, CBD Belapur, Navi Mumbai, MH, IND, 400614

Website

https://www.markolines.com

Markolines Pavement Technologies Ltd is a highway operation and maintenance service providing company. Its operations are mainly divided into-Highway Operations which include toll operations, route patrolling, and incident management; the Highway Maintenance division includes routine maintenance, preventive maintenance, and major maintenance and repairs and whereas the specialized Maintenance Services include micro surfacing, Base Stabilization and cold in-place recycling.

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